Global Consumer Appliances Market, By Product Type (Air Solutions, Entertainment, Laundry and Cleanliness, Connectivity, Water Solution, Kitchen Appliances, Grooming Accessories, Wearables, and Other Consumer Appliances), Usage (Personal Care/ Individual and Domestic Use), Distribution Channel (Online and Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Consumer Appliances Market
Growing focus on the technological advancements by the major manufacturers, rising product innovations, and increasing beauty awareness among both men and women are the major factors attributable to the growth of consumer appliances market. Data Bridge Market Research analyses that the consumer appliances market will exhibit a CAGR of 4.10% for the forecast period of 2021-2028. Therefore, the consumer appliances market value, which was USD 3,39,451.30 million in 2020, will rocket up to USD 4,68,148.15 million by 2028.
Consumer appliances refer to an array of devices that are specifically designed to be used by the ultimate consumers. A consumer appliance is a broad term for kitchen appliances, grooming accessories, entertainment solution, and other consumer appliances. Consumer appliances are available via both online and offline modes of distribution.
Rising globalization and growth in the number of consumer appliances manufacturing industries will emerge as the major market growth driving factor. Growing application of environmental friendly and biodegradable materials used in the consumer appliances, surging levels of safety and advanced technologies installed in the products and rising urbanization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and rising proliferation of e-commerce platform will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise will act as a growth restraint for the market. Large scale availability of goods of inferior quality and pricing pressure among the existing major vendors will further dampen the growth rate of the market. Lack of a strong infrastructure in the underdeveloped economies will further challenge the market growth rate.
This consumer appliances market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on consumer appliances market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Consumer Appliances Market Scope and Market Size
The consumer appliances market is segmented on the basis of product type, usage, and distribution channels. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on the product type, the consumer appliances market is segmented into air solutions, entertainment, laundry & cleanliness, connectivity, water solution, kitchen appliances, grooming accessories, wearables, and other consumer appliances. The air solution segment is sub-segmented into HVAC system, air purifier, air cooler, fans, and exhaust fans. Entertainment segment is sub-segmented into television, speaker, smart speaker and radio, gaming console, and digital camera. Laundry and cleanliness segment is sub-segmented into washing machine and dryers, dishwasher, and vacuum cleaner. Connectivity segment is sub-segmented into smartphones, tablets, and desktop, laptops and its accessories. Water solution segment is sub-segmented into water purifiers, water geysers, and water pump. Kitchen appliances segment is sub-segmented into refrigerators, microwave, mixer and juicer, stove and hobs, and others. Grooming accessories segment is sub-segmented into trimmer, hair dryer, straightener and electric brush.
By usage, the consumer appliances market is sub-segmented into personal care/individual and domestic use.
- On the basis of the distribution channel, the consumer appliances market is sub-segmented into online and offline. Online segment is sub-segmented into company owned websites and e-commerce platforms. Offline segment is sub-segmented into supermarket and hypermarket, specialty stores, e-commerce, and others.
Consumer Appliances Market Country Level Analysis
The consumer appliances market is analysed and market size, volume information is provided by country, product type, usage, and distribution channels as referenced above.
The countries covered in the consumer appliances market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the consumer appliances market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing awareness of the advantages of home appliances in this region.. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the ever-growing population base in this region and rising personal disposable income.
The country section of the consumer appliances market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Consumer Appliances Market Share Analysis
The consumer appliances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to consumer appliances market.
The major players covered in the consumer appliances market report are Koninklijke Philips N.V., Procter & Gamble, Panasonic Corporation, Xiaomi., Wahl Clipper Corporation, Spectrum Brands, Inc., Conair Corporation, ANDIS COMPANY., VEGA, Sunbeam Products, Inc., Havells India Ltd., Flyco, ZED LIFESTYLE PVT. LTD., Happily Unmarried., GENERAL ELECTRIC COMPANY, Syska, BRIO PRODUCT GROUP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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